34, PARK ROAD, WIGTON, CA7 9RA - £85,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

34 PARK ROAD is a midsized semi-detached house of 117m², built sometime between 1950 and 1966, which could now be worth an estimated £114,891. It was last sold for £85,000 in May 2020, which was around 36% below the average May 2020 semi-detached price in the Cumberland local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

34 PARK ROAD Sold Prices

Land registry data shows two sales for 34 PARK ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cumberland local authority area for the corresponding sale date. One of the two 34 PARK ROAD sales was for below the average price, whilst the other was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 7 MAY	£85,000	£133,127	36% below HPI
1998 14 AUG	£47,500	£44,213	7% above HPI

34 PARK ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cumberland local authority area over time, sourced from the HPI. The two 34 PARK ROAD sales from August 1998 and May 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 1998 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the May 2020 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 34 PARK ROAD be worth now?

34 PARK ROAD might now be worth an estimated £114,891.

This is based on house price inflation of 35.2%, between May 2020 and May 2026, for semi-detached houses, in the Cumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.2% inflationary increase is applied to the most recent sale price for 34 PARK ROAD of £85,000 on 7th May 2020. For the value to have increased from £85,000 to £114,891 over the six years to May 2026, the following assumptions must hold true:

• The value of 34 PARK ROAD has moved in line with the HPI for semi-detached houses in the Cumberland local authority area.
• The May 2020 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of 34 PARK ROAD has not materially changed since May 2020.

How Large is 34 PARK ROAD?

34 PARK ROAD is 117m² according to the EPC inspection conducted in February 2020. This puts it in the largest 50% of semi-detached houses houses in Wigton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wigton, and where 34 PARK ROAD lies on this distribution: 56% of semi-detached houses houses are smaller than 34 PARK ROAD, and 44% of houses are larger. Note that EPC data is not available for all properties in Wigton.

34 PARK ROAD: Plot and Title Map

34 PARK ROAD sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 34 PARK ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 34 PARK ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 34 PARK ROAD?

34 PARK ROAD is located in WIGTON, in the CA7 postcode district. The below map shows the position of No. 34 on PARK ROAD.